Here is a quote from my Civil Engineering Reference Manual:
"Soils close to the optimum water content require less compactive effort to achieve the required relative compaction"
In other words, achieving optimum moisture content should be considered a tool to assist the effort of compaction.
If you are achieving 95 to 103 percent compaction I would say you've met your requirements, irregardless of how your moisture content percentage is reading.
Also you mentioned lots of rocks. Be careful in sandy/rocky soils with the large cobbles (6 to 8 inches plus). Many specifications call for the screening out of such rocks because it is difficult to really compact around them (they create litte void spaces, especially when in contact with eachother).
Anyway, sandy soil is usually the best material as a sub base, as opposed to say clay, which can swell or consolodate with added moisture or load respectively.
Good luck, and thank you for your efforts in that part of the world.